Sensex off day's high, up 265pts on short covering & global cues
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Equity benchmarks staged a smart recovery on Thursday with the Sensex surging 491-point intraday but trimmed gains in late trade due to further selling in technology & auto stocks and heavyweight HDFC. The rally was supported by short covering as well as value buying in banks & metals stocks, and positive global cues. The 30-share BSE Sensex was up 265.15 points or 0.97 percent at 27517.68.
The 50-share NSE Nifty rose 93.75 points or 1.11 percent to close at 8525.75 after hitting an intraday high of 8598.45. The rally across the globe indicated that the market fully priced in an unexpected victory of Donald Trump in US presidential elections, believe analysts who expect consolidation in near term.
Equity benchmarks staged a smart recovery on Thursday with the Sensex surging 491-point intraday but trimmed gains in late trade due to further selling in technology & auto stocks and heavyweight HDFC. The rally was supported by short covering as well as value buying in banks & metals stocks, and positive global cues. The 30-share BSE Sensex was up 265.15 points or 0.97 percent at 27517.68. 
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